BJ’s Restaurants reported 6.5% same-store sales growth for the second quarter ended June 30, driven mainly by an 8.3% increase in traffic. CEO Lyle Tick said the company has now achieved eight consecutive quarters of sales and traffic growth, outperforming casual-dining peers. Total revenues rose 6.4% to $388.9 million, while net income was $18.8 million, or $0.86 per share, down from $22.2 million, or $0.97 per share, a year earlier. The company credited menu innovation, including the Biscoff Pizookie and a Pizookie meal deal, and a new marketing strategy for the gains. BJ’s plans two new restaurant openings later this year and recently hired brand president Monika Saxena from Darden Restaurants and chief technology officer Birju Prakash Amin from Taco Bell.
BJs Restaurants IncReports 6.5% same-store sales growth driven by 8.3% traffic increase, with menu innovation and marketing credited.
Darden Restaurants Inc